Every AI Agent That Moves a Dollar Pays a Toll. Here’s How to Own the Toll Booth.
This special report reveals one AI coin paying its way, up 128% since our buy call, with its flywheel just getting started.
Mark Jeftovic’s 8-page special report on NEAR: the coordination layer $31.4B of cross-chain value already routes through, why fees get converted into buybacks instead of inflation, what the token is worth if Bitcoin hits $100K, and five ways to add exposure ranked from boring to dangerous.
8-page PDF + 2 bonuses, delivered to your inbox
Get the NEAR Report for $14Includes the Below NAV bonus report and the next issue of TSC ($67 value)
Agents can trade without opening your bank account.
Because software has no passport, it has a crypto wallet by default. You choose which rail your agent pays over. Whoever owns that rail collects a fee on every transaction, around the clock.
In May, I found the coin most of the market filed under “last cycle’s Solana also-ran.” I’d made the same mistake, until I noticed that 97% of the value flowing through it routes between other chains.
Nobody believed him the last three times, either.
Mark called the bottom of the worst crypto winter on record in November 2022. He called the four-year cycle dead and a “mild winter” in January 2026. In August he called the bear market over at $76K.
In June he told readers to buy NEAR at $2.25.
“If it goes any lower, buy more. If it goes higher, buy more anyway.”THE SOVEREIGN CAPITALIST · ISSUE 63 · JUNE 2026
It’s $5.14 as of this writing.
More agents. More fees. Fewer coins.
Every other AI coin pays for its story with inflation. NEAR pays with fees: $31.4B routed across 30+ chains so far, and a slice of every transaction buys NEAR back on the open market.
That’s flywheel one.
Flywheel two: stake NEAR and your yield becomes AI compute, which draws more agents to build on it, who pay tolls through flywheel one.
Then the torque.
Off the 2026 lows, Bitcoin is up 45%.
NEAR is up 227%.
Mark’s model shows what that implies at Bitcoin $100K and beyond.
A scenario model, not a forecast. It cuts both ways.
Get Every Way to Exploit the NEARmaxx Upside
- The double flywheel, so you can judge the thesis before you put a dollar in
- The flywheel gauge: how close NEAR is to buybacks overtaking issuance
- The torque model: what your position is worth at Bitcoin $100K
- Five ways to add exposure, boring to dangerous: staked spot, liquid staking, ETFs (including the one to avoid), options, perps
- The staking math: extra coins per route after three years
- The perp reality check: how far NEAR can fall before leverage wipes you out
- Six catalysts and five risks, including the flow Mark thinks could fade
The Report Is $14. These Come Free With It.
Below NAV: Two Digital Asset Treasury Companies Selling for Less Than the Coins They Hold
Everyone knows the famous Bitcoin treasury stocks trade at a premium to their coins. Almost nobody has noticed that two listed AI-chain treasury companies are trading at a discount to theirs, right now, at roughly 0.85x mNAV.
Both are debt-free. Both stake their treasury and get paid to hold. One of them, on a fully diluted basis, is priced at less than a third of the tokens on its own balance sheet.
- Which two companies, which chains they hold, and how each got here
- The net/nets math: token per share vs. share price, with and without the cash
- Staking yield paid in kind: 4.5% to 7.2% on top of the discount
- Three ways to get paid, two of them automatic
9-page PDF. Not sold separately. Emailed alongside the NEAR report.
The Next Issue of The Sovereign Capitalist, On Us
NEAR was called in TSC #63 at $2.25. The bear-market bottom, the death of the four-year cycle, the “Bitcoin-only era is over” call: all of them landed in the monthly letter first, before they became the consensus.
Buy the NEAR report and the next monthly issue is included when it publishes: the macro picture, the full portfolio with every position and its sizing, and whatever Mark is buying next.
- The next full issue of The Sovereign Capitalist, delivered to your inbox
- The complete model portfolio, with position sizes and the reasoning behind each
- No subscription required. One issue, no auto-renew, nothing to cancel
A single issue is $67. Yours free with the $14 report.
Pictured: the September 2026 issue.
Get Paid by the AI Agent Economy Without Betting on Which AI Wins
The worst NEARmaxx outlook is another 50% rise as Bitcoin rockets up.
- Collect a cut of every agent-to-agent payment, on every chain, while you sleep
- Earn ~5.3% staking yield on top of price, from your own wallet, no counterparty
- Know your position’s value at Bitcoin $100K, $150K and $200K before it gets there
- Hold a coin that gets scarcer as usage grows, instead of one diluted to fund its story
- Pick the exposure rung that fits your accounts, including RRSP and IRA options
- Size any leverage so a normal bad day can’t liquidate you
- Get in ahead of the ETF, the buyback governance vote and near.com incentive drops
- Plus the Below NAV bonus report and the next issue of TSC ($67 value)
$14, one time. The 8-page PDF and the Below NAV bonus are emailed to you the moment your order goes through. The next TSC issue follows when it publishes.
For information only, not investment advice. Crypto can go to zero. The author holds NEAR. Figures as of September 25, 2026.
NEAR: The Double Flywheel
Delivered by email · $14 one-time
- NEAR: The Double Flywheel, 8-page PDF
- Bonus #1: Below NAV, 9-page PDF
- Bonus #2: Next issue of TSC ($67 value)
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